IVOV vs. FMAT ETF Comparison

Comparison of Vanguard S&P Mid-Cap 400 Value ETF (IVOV) to Fidelity MSCI Materials Index ETF (FMAT)

IVOV

Vanguard S&P Mid-Cap 400 Value ETF

IVOV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400Â® Value Index, which represents the value companies of the S&P MidCap 400 Index. The index measures the performance of mid-capitalization value stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$95.45

Average Daily Volume

13,509

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

FMAT

Fidelity MSCI Materials Index ETF

FMAT Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Materials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Materials Index, which represents the performance of the materials sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Materials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.45

Average Daily Volume

32,994

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	IVOV	FMAT
30 Days	3.12%	4.77%
60 Days	9.49%	9.03%
90 Days	10.53%	9.20%
12 Months	28.20%	25.40%

23 Overlapping Holdings

Symbol	Grade	Weight in IVOV	Weight in FMAT	Overlap
AA	B	0.57%	0.63%	0.57%
ASH	F	0.33%	0.28%	0.28%
ATR	A	0.3%	0.72%	0.3%
AVNT	C	0.32%	0.31%	0.31%
BERY	C	0.57%	0.53%	0.53%
CBT	B	0.14%	0.42%	0.14%
CC	D	0.21%	0.21%	0.21%
CCK	C	0.41%	0.78%	0.41%
CLF	D	0.45%	0.41%	0.41%
CMC	D	0.45%	0.43%	0.43%
GEF	B	0.12%	0.1%	0.1%
GEF	B	0.12%	0.02%	0.02%
GPK	D	0.67%	0.61%	0.61%
KNF	B	0.09%	0.32%	0.09%
LPX	C	0.16%	0.47%	0.16%
MP	C	0.08%	0.15%	0.08%
OLN	D	0.22%	0.4%	0.22%
RGLD	C	0.32%	0.63%	0.32%
RPM	A	0.5%	1.07%	0.5%
SLGN	B	0.31%	0.3%	0.3%
SMG	C	0.13%	0.25%	0.13%
SON	D	0.4%	0.36%	0.36%
X	F	0.61%	0.54%	0.54%

IVOV Overweight 262 Positions Relative to FMAT

Symbol	Grade	Weight
ILMN	B	1.52%
THC	D	1.17%
FNF	C	1.11%
RGA	B	1.05%
USFD	C	0.97%
WPC	C	0.95%
JLL	C	0.88%
ALLY	F	0.86%
PFGC	A	0.84%
RRX	B	0.81%
BJ	B	0.77%
COHR	B	0.75%
JEF	A	0.74%
AVTR	D	0.74%
UNM	A	0.72%
ARMK	C	0.7%
SNX	C	0.68%
ORI	A	0.66%
FHN	D	0.66%
SF	A	0.65%
UTHR	C	0.64%
AFG	A	0.63%
FLR	B	0.62%
KNX	D	0.61%
CHK	C	0.6%
WBS	D	0.59%
GMED	B	0.59%
GLPI	C	0.58%
AR	C	0.57%
OGE	C	0.57%
BMRN	F	0.55%
SSB	C	0.54%
ZION	D	0.53%
ADC	C	0.53%
ACM	A	0.53%
DINO	F	0.53%
TMHC	C	0.52%
ARW	C	0.52%
WCC	D	0.52%
NOV	F	0.51%
OSK	F	0.51%
PB	D	0.51%
XPO	F	0.51%
WTFC	B	0.51%
BURL	C	0.5%
CACI	A	0.5%
ESNT	A	0.5%
MTZ	A	0.5%
REXR	D	0.49%
SNV	D	0.49%
FAF	C	0.48%
LEA	F	0.48%
DAR	F	0.48%
FYBR	C	0.47%
DKS	D	0.47%
G	A	0.47%
GME	D	0.46%
R	C	0.46%
SFM	A	0.45%
STWD	C	0.45%
ONB	D	0.45%
RNR	A	0.44%
EQH	B	0.44%
CADE	B	0.43%
OHI	C	0.42%
VMI	B	0.42%
ST	F	0.42%
POST	C	0.42%
AGCO	D	0.41%
INGR	B	0.41%
IBKR	A	0.41%
LAD	C	0.41%
THO	C	0.41%
KRG	C	0.41%
WHR	C	0.4%
NFG	A	0.4%
SRCL	B	0.4%
VNO	B	0.4%
AMG	B	0.4%
SCI	D	0.4%
PVH	D	0.4%
ERIE	A	0.39%
NXST	D	0.39%
TPL	A	0.39%
GBCI	B	0.39%
EWBC	B	0.39%
FNB	D	0.39%
NNN	C	0.39%
KD	D	0.39%
HOMB	D	0.38%
UGI	C	0.38%
MDU	C	0.38%
UBSI	D	0.38%
CUBE	C	0.38%
XRAY	D	0.38%
COLB	C	0.38%
THG	A	0.38%
WTRG	D	0.37%
AMH	D	0.37%
EHC	C	0.37%
CIEN	A	0.36%
POR	D	0.36%
AVT	B	0.36%
TTC	F	0.36%
KBR	A	0.36%
JHG	A	0.35%
GAP	F	0.35%
ELS	D	0.35%
LAMR	C	0.34%
IRT	D	0.34%
PNFP	B	0.33%
PII	D	0.33%
CG	B	0.33%
UMBF	C	0.33%
NJR	C	0.33%
HOG	D	0.33%
BRX	C	0.33%
SAIC	A	0.32%
BDC	A	0.32%
AN	D	0.32%
SWX	C	0.32%
ASGN	D	0.32%
CBSH	D	0.32%
FLO	D	0.32%
CW	A	0.31%
JAZZ	F	0.31%
VOYA	A	0.31%
M	D	0.31%
CUZ	C	0.31%
BKH	C	0.3%
WU	D	0.3%
CFR	B	0.3%
MTG	A	0.3%
SBRA	C	0.29%
PRGO	F	0.29%
TKO	A	0.29%
ORA	C	0.29%
KEX	C	0.29%
AYI	A	0.28%
SR	D	0.28%
MKSI	F	0.28%
KRC	C	0.28%
CGNX	F	0.28%
LITE	A	0.28%
OGS	C	0.28%
FR	D	0.28%
ALE	A	0.27%
STAG	D	0.27%
PNM	B	0.27%
VLY	C	0.27%
DCI	B	0.27%
CNO	B	0.27%
MIDD	D	0.27%
KMPR	D	0.27%
CNXC	F	0.26%
MAN	D	0.26%
CNM	F	0.26%
CHE	D	0.26%
PBF	F	0.26%
CYTK	D	0.26%
FLS	A	0.26%
MAT	B	0.26%
ASB	D	0.25%
HQY	B	0.25%
NEOG	F	0.25%
AMKR	F	0.25%
EGP	D	0.25%
BRBR	A	0.25%
PCH	C	0.25%
PAG	D	0.24%
NWE	C	0.24%
TKR	B	0.24%
SEIC	B	0.24%
CRUS	D	0.24%
TCBI	B	0.23%
NVST	D	0.23%
IDA	D	0.23%
GATX	F	0.23%
ALV	F	0.22%
KBH	D	0.22%
MUR	F	0.22%
BHF	D	0.21%
CXT	F	0.21%
SLM	B	0.21%
CVLT	B	0.2%
EVR	C	0.2%
FHI	A	0.2%
GHC	A	0.2%
NOVT	C	0.2%
RCM	B	0.2%
FFIN	D	0.2%
DTM	A	0.2%
SRPT	F	0.19%
GNTX	D	0.19%
RYN	C	0.19%
BRKR	D	0.19%
HXL	F	0.19%
EXPO	A	0.19%
VAC	D	0.18%
SIGI	D	0.18%
OPCH	F	0.18%
GT	F	0.18%
VSH	F	0.18%
EXLS	B	0.18%
ENOV	F	0.17%
ENS	B	0.17%
MTN	D	0.17%
TGNA	B	0.17%
CRI	D	0.17%
RH	C	0.16%
WH	C	0.16%
EEFT	F	0.16%
CPRI	C	0.16%
RLI	A	0.16%
JWN	D	0.16%
OZK	D	0.16%
GXO	D	0.16%
MTSI	B	0.16%
HWC	D	0.16%
DOCS	A	0.16%
ZD	D	0.16%
LFUS	C	0.15%
ADNT	F	0.15%
BC	C	0.15%
LSTR	F	0.15%
AM	A	0.15%
PPC	C	0.14%
ZI	F	0.14%
SYNA	F	0.14%
POWI	F	0.14%
IBOC	D	0.14%
CHX	C	0.14%
MASI	B	0.14%
LANC	F	0.13%
DLB	D	0.13%
AMED	D	0.13%
NSA	D	0.12%
TEX	F	0.12%
NSP	F	0.12%
LIVN	C	0.12%
MSM	D	0.12%
MMS	C	0.11%
ALGM	F	0.11%
HAE	F	0.11%
VC	F	0.11%
CHH	A	0.11%
IRDM	C	0.11%
SAM	D	0.1%
EPR	C	0.1%
COLM	B	0.1%
UAA	B	0.1%
UA	B	0.1%
YETI	C	0.09%
HELE	D	0.09%
BLKB	C	0.09%
WEN	B	0.09%
IPGP	D	0.08%
WMG	D	0.07%
TNL	B	0.07%
AZTA	F	0.07%
HGV	F	0.07%
WOLF	F	0.05%

IVOV Underweight 87 Positions Relative to FMAT

Symbol	Grade	Weight
LIN	C	-15.63%
SHW	C	-6.25%
FCX	B	-5.0%
APD	C	-4.53%
ECL	C	-4.44%
NEM	C	-4.21%
CTVA	A	-2.77%
DOW	B	-2.63%
DD	C	-2.54%
NUE	D	-2.44%
MLM	F	-2.25%
VMC	D	-2.24%
PPG	D	-2.14%
IFF	D	-1.82%
SW	C	-1.76%
LYB	B	-1.7%
BALL	C	-1.42%
PKG	B	-1.31%
STLD	C	-1.27%
AVY	D	-1.21%
RS	D	-1.13%
AMCR	C	-1.11%
IP	C	-1.1%
CF	A	-1.06%
CE	D	-1.03%
EMN	C	-0.9%
ALB	D	-0.77%
EXP	C	-0.66%
MOS	F	-0.59%
AXTA	C	-0.56%
ATI	C	-0.56%
FMC	C	-0.56%
CRS	B	-0.51%
ESI	C	-0.42%
WLK	C	-0.39%
BCPC	C	-0.38%
SEE	C	-0.35%
SUM	F	-0.32%
FUL	F	-0.3%
NEU	F	-0.27%
HUN	B	-0.27%
HL	C	-0.27%
HCC	C	-0.23%
SLVM	C	-0.2%
IOSP	F	-0.19%
CDE	C	-0.19%
SXT	C	-0.19%
AMR	F	-0.18%
MTX	C	-0.17%
KWR	F	-0.17%
HWKN	B	-0.17%
MTRN	F	-0.16%
ARCH	D	-0.16%
OI	D	-0.14%
ASPN	C	-0.13%
TROX	D	-0.12%
SCL	D	-0.12%
PRM	C	-0.12%
NGVT	D	-0.1%
KALU	D	-0.08%
TRS	D	-0.07%
OEC	F	-0.07%
WS	D	-0.07%
PCT	C	-0.07%
USLM	C	-0.07%
ASIX	A	-0.06%
CENX	C	-0.06%
MATV	F	-0.06%
GATO	B	-0.05%
SXC	F	-0.05%
HAYN	B	-0.05%
ECVT	F	-0.05%
KOP	F	-0.05%
PTVE	D	-0.04%
MTUS	F	-0.04%
RYI	D	-0.04%
IE	D	-0.04%
ZEUS	F	-0.03%
LXU	C	-0.03%
CMP	D	-0.03%
MYE	F	-0.03%
CLW	F	-0.03%
RDUS	D	-0.03%
MERC	D	-0.02%
KRO	C	-0.02%
PACK	F	-0.02%
METC	D	-0.02%